Citi Premier℠ Card: Your Questions Answered

Citi Premier℠ Card, a partner card, comes with a solid rewards program and 50,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. This credit card lets you earn unlimited points on your purchases and rewards you with 3X points for every dollar spent on travel (including gas stations), 2X points on dining out and entertainment and 1X points on all other purchases you make. You have lots of flexibility when it comes to determining how you want to use your points. Those who travel a lot will appreciate the Points Transfer feature where you can transfer your points to Citi's participating airline loyalty programs. This card has no foreign transaction fees, which is also a money-saving benefit for frequent travelers. Plus, your points are worth 25% more when you redeem them for airfare through the ThankYou® Travel Center.

Questions And Answers For Citi Premier℠ Card

Question: Do I get a welcome bonus if I go for this card?

Answer: Yes, Citi Premier℠ Card lets you earn 50,000 bonus ThankYou® Points after you make $4,000 in purchases with your card within the first 3 months of account opening. What are 50,000 bonus points worth? Well, 50,000 points can be redeemed for $625 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou® Travel Center, or $500 in gift cards redeemed from the ThankYou® Rewards collection.

Question: Is this a good rewards credit card?

Answer: Yes. This credit card lets you earn points on all the eligible purchases you make. In particular, Citi Premier℠ Card lets you earn 3X Points for every $1 spent on travel including gas stations, airfare, hotels, cruises, car rental agencies, travel agencies, railways, public transportation, tolls, taxis, parking and much more; 2X Points for every $1 spent on dining out and entertainment; and 1X Points for every $1 spent on all other purchases.

There is no limit on the number of points you can earn, so using this card regularly for your everyday purchases is a surefire way to rack up points quickly even if you do not travel every other week. If you like traveling, know that your ThankYou® Points are worth 25% more when redeemed for airfare via the ThankYou® Travel Center, as compared to gift cards redeemed from the ThankYou® Rewards collection.

Plus, you can redeem your Points for practically anything under the sun, such as travel rewards, concert tickets, gift cards or top-brand merchandise. If you want, you can even Shop with Points on Amazon.com.

What's more, you can transfer your qualifying and available ThankYou® Points to participating airline loyalty programs such as TrueBlue®, Virgin Atlantic Flying Club and Singapore Airlines KrisFlyer to get award flights quicker. There is no fee, and the minimum transfer is only 1,000 points.

Answer: Yes. With Citi® Private Pass®, you get to enjoy special access to purchase tickets to thousands of events each year, including presale tickets and VIP packages to concerts, sporting events, dining experiences, complimentary movie screenings and more.

In addition, Citi Premier℠ Card protects you against unauthorized charges on your account (made online or otherwise). This card also protects you with enhanced security when you use it at merchants that use chip enabled terminals in the United States and overseas. Citi Premier℠ Card is embedded with EMV chip technology.

Citi Premier℠ Card helps you save precious time as it gives you access to Citi® Concierge. Trained experts will be available to help you with your shopping, travel, dining, entertainment and everyday needs. This card also lets you pay quickly and easily in-app or in-store thanks to Apple Pay® compatibility.

Besides having the freedom to manage your account online and on the go 24/7, you will also receive free account alerts sent right to you on your mobile device. Adding an authorized user to your account is free and it can help you earn points quicker.

Another great perk is that you can choose your own payment due date. You get to pick any available due date in the beginning, middle or end of the month that works best for you. This is an amazing feature that you can definitely use to avoid carrying balances and paying hefty interest fees.

Question: Does this card have an annual fee?

Answer: Yes, Citi Premier℠ Card has a $95 annual fee which is waived for the first 12 months.

Answer: Absolutely, staying true to its travel-oriented nature, this credit card is one you can reach for when making international purchases in foreign currencies. Citi Premier℠ Card has no foreign transaction fees.

Question: Is this card good for purchases?

Answer: Citi Premier℠ Card has a 16.49% - 25.49%* variable APR for purchases, based on your creditworthiness. While this credit card does not offer a low introductory APR for purchases, it is still rewarding if you make it a point to never carry balances. Citi Premier℠ Card lets you earn points on all your purchases, so the more you spend on your card, the more points you'll earn. It really is as straightforward as that.

Question: Is this card good for balance transfers?

Answer: Not really. This credit card has a 16.49% - 25.49%* variable APR for balance transfers, based on your creditworthiness. On top of that, a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, will apply each time you transfer balances.

Question: Is this card good for taking cash out of the ATM?

Answer: No, Citi Premier℠ Card has a 27.24% variable cash advance APR and a cash advance fee amounting to 5% of each cash advance; $10 minimum, whichever is greater. This credit card is definitely not one you should use if you need to get cash urgently.

Answer: No, there is no cap on how many rewards points you can earn and your rewards points do not have an expiry date so long as your account is open, active and in good standing.

Question: Is there a penalty if I pay late?

Answer: Yes, if you do not make your payment on time, you will have to pay a late payment fee of up to $35. Additionally, up to 29.99% variable penalty APR, based on your creditworthiness, may be applied to your account indefinitely if you make a late payment or make a payment that is returned.

Question: Can I get this card even if I have bad credit?

Answer: Unfortunately, you can't. Citi Premier℠ Card is a card reserved for people with excellent credit. Those who do not have excellent credit should not try applying as getting rejected may hurt your credit.

Answer: No, Citi Premier℠ Card does not give you complimentary access to your credit score. Nonetheless, it is important that you monitor your own credit score and improve your score if need be.

Question: Who is this card for?

Answer: Citi Premier℠ Card is a all-round rewards credit card designed for people with excellent credit. This credit card rewards you on all eligible purchases and is especially great for travel, dining, and entertainment. It even lets you earn accelerated points for every dollar spent at gas stations and parking - a superb benefit if you drive on the regular.

There is no limit to how many points you can earn, your points do not expire and you can redeem your points for just about anything under the sun. If you like traveling, you'll be happy to know your points are worth 25% more when redeemed for airfare through the ThankYou® Travel Center. This is definitely something you want to keep in mind.

Although this card has a $95 annual fee which is waived for the first 12 months, it is a rewarding credit card if you use it as your go-to credit card since you get to earn points on literally every dollar your spend, more so if you spend on travel, dining and entertainment frequently. Let's not forget that the Points Transfer feature lets you transfer your points to participating airline loyalty programs with no extra fee involved. Using a card like Citi Premier℠ Card in conjunction with this perk can help you get award flights quicker - a godsend for people who like to travel and see the world.

New cardholders of Citi Premier℠ Card can also look forward to earning 50,000 bonus ThankYou® Points after making $4,000 in purchases with their card within the first 3 months of account opening. This is worth $625 in airfare on any airline, anytime, with no blackout dates when booked through the ThankYou® Travel Center, or $500 in gift cards redeemed from the ThankYou® Rewards collection!

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Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.